I say its a bad sign when

a) a website is nearly free, has very little revenue yet stores thousands of dollars of hard to trace bitcoins
b) has no real contact info, eg fake phone number.  The owners are not public figures and are not accountable.
c) Owners stop responding during a crisis (normally people step up with press releases etc)
d) did anybody else chuckle when the read the security press release?  That press release is full of hokey sounding security.  He might as well have said he sleeps at the colo with an m-16 to keep his VPS safe.

Did anybody have communications with the owners of Mybitcoin?


I just want to know why Gavin was pushing mybitoin.  He still links to it on his site clearcoin.  Is he a sucker or somehow involved?

Did Gavin know the owner, why did he recommend the site?

Did Bruce know the owner?   



My opinion is no wallet service run by anonymous phantoms can stay legit for very long.

I usually put 'Death Cube K - Maggot Dream' on repeat for like 12 hours.

or 'John Frusciante - Before The Beginning'


to many words in the music and I get distracted.  

Also, if I stick to just a few songs I really like and put them on repeat I dont jam out too much

 Bit_Happy, you might start by learning to audit websites yourself?

Maybe if you offer a 10Btc bounty you can find a nice security professional to help explain it all to you.


At this point I would say Hackers 4   Mtgox 0

I bet MagicTux wishes he could play this card

http://gatherer.wizards.com/Pages/Card/Details.aspx?multiverseid=205022

Sure hope he didnt have it all sitting on MTgox!  lol

If you are asking an mtgox question.  There is a bigger incentive to list public Sell orders, and hide your buy order with a Dark buy order on MTGox.

If you were trying to buy BTC, you would hide your buy order just incase somebody was selling alot and the price hit your dark order.  maybe you would get lucky and fill your order.

If you are trying to sell BTC, you would put it out there for everybody to see hoping somebody buys in a hurry because they want your BTC.  With current history it does not make sense to dump a market sell because prices have been climbing for a few years.  People that try to sell large market orders are probably trying to day trade and manipulate the price down so they can buy after the price moves down for a few days.

Maybe you could write a one sentence question and put a "?" on the end of your question.

The going price moves where supply = demand.


Right now supply is relatively fixed and the demand seems to be growing.   This statement is based on the fact that the price is going up.



I think you might be asking a Mtgox related question, but I cant follow what you are asking.

I dont think the computing power of the total network is that exciting or the most important factor.

Eg, for a few million USD ($30 million) somebody like China could crush Bitcoin's network strength with simple custom made GPU like cards.


What is amazing,  and why I am betting on Bitcoin is ... The growing collective intelligence of the community.

  It seems to be growing really fast, its like more and more smart people are joining forces everyday, and Bitcoin itself has lots of ability to be adjusted to face problems.

When the eye of sauron turns on Bitcoin I am betting on Bitcoin

If you have some time, I found this a very interesting video about the collapse of the Dollar.

http://www.stansberryresearch.com/pro/1011PSISBBVD/PPSIM2AB/PR

Ignore the end of the video if it sounds like they are trying to sell you something.

I doubt they know about bitcoin, yet!

I was looking over the tariffs for Utah,

Business rates are around $0.026Kwh offpeak and $0.04 Kwh onpeak.

   But ...

I dont get the charge they have called a "Power charge" that is per KW

I am guessing that is in addition to the "Energy charge" that is measured by Kwh


If anybody is familiar with this Industrial pricing structure let me know what they mean by that Power charge, that is listed per KW


http://www.rockymountainpower.net/content/dam/rocky_mountain_power/doc/About_Us/Rates_and_Regulation/Utah/Approved_Tariffs/Rate_Schedules/Large_General_Service_1_000_kW_and_Over_Distribution_Voltage.pdf

If he has $50K to spend, it might be best to do this deal in person.  You could write up contracts, get a copy of his passport drivers license etc.  You could use an escrow service also.  You would probably want to verify his place of work, home address etc.     

What do you do if you lost your login password? 

You dont have a password reset link and I dont get a reply from your gmail address

Yeah, I guess I was thinking that wild fluctuations in Bitcoin value would mess everybody up.  But I think I am over thinking things.  It would probably cause more people to get in on the wild rise in value of bitcoins.   

I will put away the deflation kool-aid also.

Doesnt it become a problem if you have trouble getting any coins because large central banks are buying them up?  Then yes, miners get rich.  But people cant use the currency.

If you cant get your hands on Bitcoins because Central banks are throwing them away, how do you use it?

 I keep thinking it might be in the best interest of some large Central Bankers to try and destabilize bitcoin currency.


For example, the  bank starts printing lots of money and trading it for Bitcoins.  On the short term people trust the central bank currency and happily trade away their Bitcoins.  Then the bank destroys large volumes of bitcoins.  If people depended on stable currency (little deflation or inflation) wouldnt a valid attack be deflation? 

If this is a valid attack what happens in the source code to stabilize the currency in this situation?

I guess wild fluctuations in bitcoin price would cause crazy tulip bubbles right? You might have people getting a second mortgages to buy ATI video cards etc.    Or all of a sudden you are rich and others are poor and mad due to bad timing of a trade.